The Premier League has slapped Everton with their largest-ever points deduction for a breach of profit and sustainability rules, sending Sean Dyche’s side into the relegation zone.
Leeds and Burnley both played a major role in Everton suffering a historic 10-point deduction imposed by the Premier League.
The two clubs, who in May 2022 were fighting to avoid relegation from the Premier League alongside Everton, sent a joint letter to league officials seeking clarity over whether the Toffees’ losses of £371.8million over the previous three years were in breach of financial fair play rules.
Leeds CEO Angus Kinnear and Burnley chairman Alan Pace signed the letter and kicked off an investigation, according to the Athletic, as current rules only allow for a maximum loss of £105m over three years.
According to a May ruling from David Phillips KC, the four clubs would be able to obtain compensation
from the Premier League if Everton were found to have violated the rules.
The commission found that Everton had overspent by £19.5m, concluding: “This was a serious breach
that requires a significant penalty.” It added that the Toffees’ transfer business while threatened with punishment ”
was recklessness that constitutes an aggravating factor.”
Everton points deduction
“The Club has already communicated its intention to appeal the decision to the Premier League.
“After insisting that they’d been transparent with Premier League officials during the investigation,
Everton concluded by saying: “The Club will also monitor with great interest the decisionsmade in any other cases concerning the Premier League’s Profit and Sustainability Rules.Everton cannot comment on this matter any further until the appeal process has concluded.”Read More